Samsung foldable screen tech stolen and sold to China

Samsung’s Infinity Flex foldable display, on which the company has been working on since the past six years, has allegedly been stolen and sold to two Chinese companies.

According to prosecutors in South Korea, 11 people from Samsung’s top supplier stole folding display tech blueprints and then sold them to Chinese firms for around US $14 million. These 11 individuals have now been charged for the same.

Samsung’s display division, which has invested nearly US $130 million in this technology, said that it was “surprised and appalled at the results of the investigation by prosecutors”.

Samsung’s foldable screen is an effort to counter the weakening demand for high-end phones in recent times. The company aims to lure people into buying its phones with one of the most radical hardware innovations.

The first foldable phone from the company is rumoured to be called the Samsung Galaxy F and is expected to launch in March 2019.